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Siemens to support Adani coal project in Australia despite protests

14 Jan 2020

German engineering group Siemens said it would fulfil its contractual obligations to a controversial coal mining project in Australia's outback, attracting criticism from environmental groups on Monday. Siemens was awarded a contract last year to provide signaling technology for a railway line to transport coal from a remote coal mine run by India's Adani Group in northern Queensland state. The German company had said it would decide by Monday on its involvement in the project.On Saturday, teenage climate activist Greta Thunberg called for Siemens to review its role in the project. "There is practically no legally and economically responsible way to unwind the contract without neglecting fiduciary duties," Siemens Chief Executive Joe Kaeser said in a statement.Local and federal governments approved the project based on the Environmental Protection and Biodiversity Conservation Act 1999 as well as hundreds of pages of environmental impact statements, Siemens said.
 
Source:https://www.businesstoday.in/current/world